News & Analysis as of

Trump Administration Foreign Relations Economic Sanctions

Patomak Global Partners

Significant U.S. Sanctions Relief for Syrian Arab Republic

The United States had imposed layers of sanctions on Syria since deeming it a State Sponsor of Terrorism in 1979. The U.S. Treasury imposed most sanctions during the Iraq War and the Syrian Civil War. In December 2024, Hay’at...more

Stankie Law

Revocation of Syrian Sanctions: Opportunities, Risks, and Changes under Executive Order 14312

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President Trump continued his flurry of sanctions actions with the recent revocation of the Syrian sanctions program. On June 30, 2025, President Donald Trump issued Executive Order (“EO”) 14312 “Providing for the Revocation...more

Troutman Pepper Locke

US Lifts Most Sanctions on Syria

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On May 23, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued Syria General License 25 (GL 25), effectively lifting most sanctions imposed under the Syrian Sanctions Regulations (SSR) (31...more

Benesch

Syria Sanctions - New General License Issued by OFAC Following Trump Announcement

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President Trump announced plans to relax sanctions against Syria during his recent trip to the Middle East, where he visited with the country’s President, Ahmed al-Sharaa. ...more

Troutman Pepper Locke

USTR Takes Action to Counter China's Dominance in Maritime, Logistics, and Shipbuilding Sectors

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On April 17, the Office of the United States Trade Representative (USTR) announced proposed trade actions under Section 301 of the Trade Act of 1974 (Trade Act) to counteract China’s systemic dominance in the maritime,...more

Troutman Pepper Locke

Trump Administration’s First Export Control Action – Reading the Tea Leaves

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On March 25, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) announced a significant expansion of its Entity List restrictions, adding 80 entities from China, the United Arab Emirates, South Africa,...more

Troutman Pepper Locke

Unprecedented "Secondary Tariffs" for Oil Trade With Venezuela

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On April 2 — labeled “Liberation Day” by President Trump — the Trump administration is set to add a new sanctions-like boost to its tariff strategy, with a threat to impose unprecedented “secondary tariffs” of 25% on “all...more

Troutman Pepper Locke

Financial Transactions Related to Russian Energy Now Prohibited: Expiration of OFAC ‎General License 8L

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On March 12, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) allowed General License (GL) 8L under the Russian Harmful Foreign Activities Sanctions Regulations to expire. As a result, broad OFAC...more

Troutman Pepper Locke

Latest Sanctions Developments: Venezuela, Russia, and Yemen

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The Trump administration continues to ramp up sanctions on Venezuela and Yemen's Houthis, while sending mixed signals about its intentions with respect to Russia. We provide brief updates on these three areas, following up...more

Guidepost Solutions LLC

Mexican Cartels as Foreign Terrorist Organizations: A New Era of Risk for Global Businesses

On January 20, 2025, President Trump issued an executive order titled “Designating Cartels and Other Organizations as Foreign Terrorist Organizations and Specially Designated Global Terrorists.” This directive instructs the...more

The Volkov Law Group

Forecasting the 2nd Trump Administration: Translating Initiatives to Enforcement and Compliance Priorities (Part I of III)

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As the dust settles on the U.S. Election, companies are quickly analyzing the impact for businesses, federal civil and criminal enforcement priorities and the implications for ethics and compliance. When a new Administration...more

The Volkov Law Group

OFAC On A Roll: Whitford Worldwide Company Agrees to Pay $824k for Violations of Iran Sanctions

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When you are hot, you are hot.  (And when you are not, you are not; Thank you Jerry Reed, Country Singer).  OFAC is hot and resumed its enforcement streak, settling three enforcement actions in three weeks....more

Morrison & Foerster LLP

Not So Fast…Aiming To Prevent Their Completion, The Trump Administration Paves Way For Expanded Sanctions On Russian Pipeline...

Earlier this week, on July 15, 2020, U.S. Secretary of State Mike Pompeo paved the way for enhanced sanctions on the Russian Nord Stream 2 and TurkStream projects by announcing that the Trump Administration is removing an...more

K2 Integrity

U.S. Takes Additional Measures to Respond to China’s Policies on Hong Kong and Xinjiang

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Summary - On July 14, 2020, President Trump took additional actions to address China’s policies regarding Hong Kong. These actions follow last week’s designation of high-ranking Chinese officials for alleged human rights...more

Hogan Lovells

EU imposes sanctions on Venezuelan officials

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The Council of the European Union has imposed restrictive measures on 11 leading Venezuelan officials, because of their role in acts and decisions undermining democracy and the rule of law in Venezuela....more

K2 Integrity

U.S. Prepares Further Measures to Respond to China’s Hong Kong Crackdown

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Summary - In response to Beijing’s moves to impose a controversial national security law on Hong Kong, President Trump announced on May 27th a limited visa ban on Chinese students and possible future steps that could...more

Husch Blackwell LLP

OFAC Fact Sheet On Humanitarian Assistance To Countries With Sanctions

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The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) released a fact sheet that outlines exemptions, exceptions, and authorizations for humanitarian assistance and trade under the sanctions...more

Jones Day

New Sanctions Target Additional Sectors of Iranian Economy

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The Situation: The Trump administration announced a new round of sanctions on January 10, 2020, following escalating tensions between the United States and Iran. The Result: The new sanctions complement existing sanctions...more

ArentFox Schiff

Maximum Pressure Squared: President Trump Turns His Iran Sanctions Amplifier Up to Eleven

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Third-country companies doing business with Iran’s construction, mining, manufacturing, or textiles sectors are now at increased risk of being sanctioned. On Friday, January 10, President Trump issued Executive Order (EO)...more

Hogan Lovells

The United States Government issues additional Iran sanctions and a new Executive Order targeting the construction, mining,...

Hogan Lovells on

On 10 January 2020, in response to missile attacks by the Iranian military targeting two U.S. bases in Iraq, the United States Department of the Treasury, Office of Foreign Assets Control (OFAC) designated a number of senior...more

K2 Integrity

U.S. Expands Sanctions on Iranian Metals and Textiles Industry and Senior Officials

K2 Integrity on

The Trump Administration on January 10, 2020, issued broad new secondary sanctions with respect to Iran’s construction, mining, manufacturing, and textiles sectors in an effort to target additional sources of revenue used by...more

BCLP

What’s Left to Target for Sanctions in Iran? (IRB No. 581)

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On January 10, 2020, the US Administration announced the imposition of new sanctions against Iran. The sanctions were initially announced in President Trump’s public address on January 8, 2020, in the aftermath of Iran’s...more

Faegre Drinker Biddle & Reath LLP

President Trump Imposes Sanctions on Companies Doing Business with Iran’s Construction, Mining, Manufacturing and Textiles...

On January 10, 2020, President Trump issued a new Executive Order that imposes the latest in a series of economic sanctions on Iran. Individuals and entities violating these and other sanctions on Iran can face significant...more

Kelley Drye & Warren LLP

New primary and secondary sanctions on Iranian construction, mining, manufacturing, metals and textile industries

Today the president signed a new Executive Order (E.O.) announcing expanded primary and secondary sanctions on Iran, focused on the construction, mining, manufacturing, and textile industries....more

Orrick, Herrington & Sutcliffe LLP

U.S. Targets Additional Iranian Sectors for Sanctions: Broadly Increasing Exposure for Non-U.S. Companies

With new Iran-related sanctions, the U.S. government is making good on threats to give third-country companies a choice – participate in the U.S. market or participate in the Iranian market. ...more

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